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Insurance

Probate

Probate is a legal procedure that occurs upon the passing of an individual, in which their assets are distributed and the instructions outlined in their will are executed. This process involves verifying the validity of the will, settling any outstanding debts, and distributing the remaining assets to the designated beneficiaries. It is a crucial aspect of estate planning and should be carefully considered to ensure one's final wishes are fulfilled. Now, let's delve deeper into the intricacies of probate and its implications on personal finance.

Securities outstanding

Shareholders hold stocks, which represent ownership in a company. These stocks can be in the form of common or preferred shares. Common shares give shareholders voting right...

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Estate taxes

In finance, we often encounter the term "property taxes." This refers to the taxes paid by the policyholder on their fixed assets, such as buildings, land, plant and machine...

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Hard market

A seller's market refers to a situation in the insurance industry where the demand for insurance is high, while the availability of insurance is limited. This results in ins...

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Mortality table

The mortality table is a valuable tool used in the world of finance to determine the likelihood of death at different ages. It presents the number of deaths per thousand ind...

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